Recent progress in random metric theory and its applications to conditional risk measures

The purpose of this paper is to give a selective survey on recent progress in random metric theory and its applications to conditional risk measures. This paper includes eight sections. Section 1 is a longer introduction, which gives a brief introduction to random metric theory, risk measures and conditional risk measures. Section 2 gives the central framework in random metric theory, topological structures, important examples, the notions of a random conjugate space and the Hahn-Banach theorems for random linear functionals. Section 3 gives several important representation theorems for random conjugate spaces. Section 4 gives characterizations for a complete random normed module to be random reflexive. Section 5 gives hyperplane separation theorems currently available in random locally convex modules. Section 6 gives the theory of random duality with respect to the locally $L^{0}-$convex topology and in particular a characterization for a locally $L^{0}-$convex module to be $L^{0}-$pre$-$barreled. Section 7 gives some basic results on $L^{0}-$convex analysis together with some applications to conditional risk measures. Finally, Section 8 is devoted to extensions of conditional convex risk measures, which shows that every representable $L^{\infty}-$type of conditional convex risk measure and every continuous $L^{p}-$type of convex conditional risk measure ($1\leq p<+\infty$) can be extended to an $L^{\infty}_{\cal F}({\cal E})-$type of $\sigma_{\epsilon,\lambda}(L^{\infty}_{\cal F}({\cal E}), L^{1}_{\cal F}({\cal E}))-$lower semicontinuous conditional convex risk measure and an $L^{p}_{\cal F}({\cal E})-$type of ${\cal T}_{\epsilon,\lambda}-$continuous conditional convex risk measure ($1\leq p<+\infty$), respectively.Comment: 37 page

\Lambda_b \to \Lambda_c P(V) Nonleptonic Weak Decays

The two-body nonleptonic weak decays of \Lambda_b \to \Lambda_c P(V) (P and V represent pseudoscalar and vector mesons respectively) are analyzed in two models, one is the Bethe-Salpeter (B-S) model and the other is the hadronic wave function model. The calculations are carried out in the factorization approach. The obtained results are compared with other model calculations.Comment: 18 pages, Late

QCD Factorization in BB Decays into ρπ\rho \pi

Based on the QCD factorization approach we analyse the branching ratios for the channel $B \to \rho \pi$. From the comparisons with experimental data provided by CLEO, BELLE and BABAR we constrain the form factor $F^{B \to \pi}(m_{\rho}^{2})$ and propose boundaries for this form factor depending on the CKM matrix element parameters $\rho$ and $\eta$.Comment: 11 pages, 9 figures. Talk presented at Fourth Tropical Workshop, Cairns, Australia, 9--13 June 2003. Proceedings to be published by AI